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The Complicated Legacy of the “Chicago Boys” in Chile - ProMarket

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How did a group of Chicago-trained economists manage to turn Chile into the cradle of neoliberalism? As the country aims to move away from their approach to economic policy, Chilean author and journalist Daniel Matamala discusses the controversial legacy of the Chicago Boys. Editor’s note: The current debate in economics seems to lack a historical perspective. To try to address this deficiency, we decided to launch a Sunday column on ProMarket focusing on the historical dimension of economic ideas. You can read all of the pieces in the series here. When you say “Chicago” almost anywhere in the world, it could bring to mind any number of associations: Michael Jordan, the Cubs, Al Capone, Willis Tower. If you are in Chile, though, you will likely get a different knee-jerk reaction: Chicago? Sure, the Chicago Boys! The influence of a generation of economists trained at the University of Chicago under Milton Friedman and Arnold Harberger is so pervasive that not even Michael Jordan and the

Economic History Income Inequality News The Complicated Legacy of the “Chicago Boys” in Chile By Daniel Matamala September 12, 2021 Share Facebook Twitter Email Protests in Chile, 2019. Photo by Natalia Reyes Escobar [CC BY-SA 4.0] Daniel Matamala Daniel Matamala is a Chilean journalist. He works for CNN Chile where he hosts Primera Edición, CNN Prime y Ciudadanos. He also has a career as an investigative journalist and is the author of five nonfiction books. In 2018, he participated in the Stigler Center's Journalists in Residence Program. Popular This Week What Economists Are Missing About A

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